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The closing price of Cerence Inc (NASDAQ: CRNC) was $5.10 for the day, down -4.67% from the previous closing price of $5.35. In other words, the price has decreased by -$4.67 from its previous closing price. On the day, 2.93 million shares were traded. CRNC stock price reached its highest trading level at $5.39 during the session, while it also had its lowest trading level at $5.015.
Ratios:
Our analysis of CRNC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.13 and its Current Ratio is at 2.13. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.62.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on May 10, 2024, Downgraded its rating to Equal Weight and sets its target price to $6.50 from $25 previously.
Craig Hallum Downgraded its Buy to Hold on February 07, 2024, while the target price for the stock was maintained at $22.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 07 ’24 when BEAUDOIN THOMAS L sold 5,464 shares for $9.69 per share. The transaction valued at 52,946 led to the insider holds 242,457 shares of the business.
BEAUDOIN THOMAS L sold 5,000 shares of CRNC for $45,146 on May 01 ’24. The Director now owns 247,921 shares after completing the transaction at $9.03 per share. On Apr 22 ’24, another insider, Ortmanns Stefan, who serves as the Chief Executive Officer of the company, sold 10,762 shares for $10.04 each. As a result, the insider received 108,045 and left with 526,388 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRNC now has a Market Capitalization of 223506992 and an Enterprise Value of 396225920. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.61 while its Price-to-Book (P/B) ratio in mrq is 0.46. Its current Enterprise Value per Revenue stands at 1.137 whereas that against EBITDA is 7.032.
Stock Price History:
The Beta on a monthly basis for CRNC is 2.47, which has changed by -0.7894302 over the last 52 weeks, in comparison to a change of 0.2704494 over the same period for the S&P500. Over the past 52 weeks, CRNC has reached a high of $36.79, while it has fallen to a 52-week low of $5.28. The 50-Day Moving Average of the stock is -59.40%, while the 200-Day Moving Average is calculated to be -71.50%.
Shares Statistics:
CRNC traded an average of 608.36K shares per day over the past three months and 1482960 shares per day over the past ten days. A total of 40.42M shares are outstanding, with a floating share count of 35.88M. Insiders hold about 13.89% of the company’s shares, while institutions hold 92.38% stake in the company. Shares short for CRNC as of 1714435200 were 6510842 with a Short Ratio of 10.70, compared to 1711584000 on 6286673. Therefore, it implies a Short% of Shares Outstanding of 6510842 and a Short% of Float of 22.040000000000003.
Earnings Estimates
The market rating of Cerence Inc (CRNC) is currently shaped by the ongoing analysis conducted by 9.0 analysts closely monitoring its performance.On average, analysts expect EPS of $0.13 for the current quarter, with a high estimate of $0.26 and a low estimate of -$0.02, while EPS last year was -$0.04. The consensus estimate for the next quarter is $0.31, with high estimates of $0.49 and low estimates of $0.23.
Analysts are recommending an EPS of between $1.52 and $1.06 for the fiscal current year, implying an average EPS of $1.35. EPS for the following year is $0.81, with 9.0 analysts recommending between $1.17 and $0.26.
Revenue Estimates
For the next quarter, 9 analysts are estimating revenue of $76.81M. There is a high estimate of $89.4M for the next quarter, whereas the lowest estimate is $50.79M.
A total of 9 analysts have provided revenue estimates for CRNC’s current fiscal year. The highest revenue estimate was $379.3M, while the lowest revenue estimate was $325.5M, resulting in an average revenue estimate of $351.86M. In the same quarter a year ago, actual revenue was $294.5MBased on 9 analysts’ estimates, the company’s revenue will be $263.12M in the next fiscal year. The high estimate is $326.8M and the low estimate is $242M.
